@Ava Miller you mean you don't want to pay 20-30k over asking when asking is already 30k higher than it should be because people in Charlotte think their homes are made of gold?

I updated the kitchen from original 1980's stained wood cabinates and laminent counter tops by reconditioning the cabinates (painting the uppers white with crown moulding, slate for lowers, and installing gold hardware), hand-pouring a white with black marble-type epoxy over the existing counter tops, installing white subway tile with black grout, and removing a large section of cabinates and replacing them with floating shelves.We insulated and heated the former 3-seasons room and converted i What was the outcome?

I updated the kitchen from original 1980's stained wood cabinets and laminate countertops by reconditioning the cabinets (white, slate, and gold), hand-pouring a white with black marble-type epoxy over the existing countertops, installing white subway tile with black grout, and removing a large section of cabinets and replacing them with floating shelves.I also added a 250 sq. ft. bedroom by heating and insulating the three-season room/office.What was the outcome?

I bought their last March and it's been a nightmare almost everything down there needs to be repaired in all places you buy out there and there's no one that does the work and if they do they're so overpriced you would think you would be having it built in gold

Right now property owners think their property's are made of gold so you will most likely be doing some sort of reno on a distressed property no matter which route you take.Best of luck!

I studied geological engineering for my undergraduate degree, worked with Newmont Gold Corp for some time, got bored, went to the UK to study law, worked briefly in the field and got bored as well.

I also have a charge card, an Amex gold which is my primary card which I pay off in full every month.

I would rather go to the 60-unit building and have three times the maintenance because the 60-unit building is like owning a gold mine and when you have already done the math you have that great feeling and you know by doing the math that any amount of maintenance is insignificant.

Paper currency got its start as little promissory notes to pay gold, and then because the notes were more portable than gold, people started using the notes as money instead of the gold itself, which is why you sometimes see references to "one dollar notes", etc.A seller may or may not accept a promissory note as payment. 

The management expense is usually the cash flow killer for investors, but they are worth their weight in gold when you account for the headaches and cleaning that needs to be done.